ArabFinance: Development and Engineering Consultants’ (TAMEER) (DAPH) ordinary general assembly ratified stock dividends to shareholders for 2020 and canceled 2019 dividends, the company said in a statement to the Egyptian Exchange on April 8th.
The listed company will distribute two free stocks for every 10 held for 2020.
It’s worth mentioning that the company announced earlier distributing one free stock for every 10 held financed from 2019 profit.
TAMEER’s consolidated net profit declined to EGP 18.14 million in 2020, from EGP 47.68 million in 2019.
Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.